HealthEquity amends severance and equity vesting for six top officers

HEALTHEQUITY, INC.

CEO Scott Cutler gets enhanced severance: 12 months base plus target bonus; 18 months base + 150% bonus if termination within 18 mo post-change-in-control.
Five other executives (Lucania, Neeleman, Fiore, Rajasekar, Ladd) receive 12 months base plus target bonus only if termination within 18 mo post-change-in-control.
RSUs granted after March 25, 2026: upon termination without cause or good reason before change-in-control, RSUs scheduled to vest in 12-month period accelerate.
PSUs granted after March 25, 2026: prorated based on days employed during performance period; remain eligible to vest based on actual performance.
Amendments signed May 5, 2026; equity vesting approved March 25, 2026 by Talent, Culture and Compensation Committee.

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